Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Strong Trading Volume – Here’s Why

Shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) saw unusually-high trading volume on Friday . Approximately 9,202 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 12,827 shares.The stock last traded at $18.56 and had previously closed at $18.14.

Analysts Set New Price Targets

CCEC has been the subject of several research analyst reports. Raymond James initiated coverage on Capital Clean Energy Carriers in a research report on Friday. They set an “outperform” rating and a $26.00 target price for the company. Fearnley Fonds raised shares of Capital Clean Energy Carriers to a “strong-buy” rating in a research report on Thursday, October 10th.

Capital Clean Energy Carriers Stock Performance

The company has a quick ratio of 1.66, a current ratio of 1.68 and a debt-to-equity ratio of 2.04. The company has a fifty day simple moving average of $18.39. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 14.22 and a beta of 0.83.

Capital Clean Energy Carriers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 11th. Capital Clean Energy Carriers’s payout ratio is 46.15%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A hedge fund recently bought a new stake in Capital Clean Energy Carriers stock. RBF Capital LLC bought a new position in shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,376 shares of the company’s stock, valued at approximately $195,000.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company’s vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.